Analysts forecast that Tripadvisor Inc (NASDAQ:TRIP) will announce $448.04 million in sales for the current quarter, according to Zacks. Eleven analysts have issued estimates for Tripadvisor’s earnings, with the lowest sales estimate coming in at $441.04 million and the highest estimate coming in at $456.00 million. Tripadvisor posted sales of $433.00 million in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The firm is scheduled to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Tripadvisor will report full year sales of $1.69 billion for the current fiscal year, with estimates ranging from $1.67 billion to $1.72 billion. For the next financial year, analysts expect that the business will report sales of $1.85 billion, with estimates ranging from $1.82 billion to $1.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Tripadvisor.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $376.00 million during the quarter, compared to analyst estimates of $387.27 million. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share.
A number of research firms have recently issued reports on TRIP. BidaskClub raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Wedbush reissued a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of Tripadvisor in a research report on Thursday, May 9th. SunTrust Banks raised shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, June 19th. Guggenheim raised shares of Tripadvisor from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 21st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $57.00 price target on shares of Tripadvisor in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.60.
In related news, insider Noel Bertram Watson sold 3,369 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $55.00, for a total value of $185,295.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the transaction, the chief financial officer now owns 14,599 shares in the company, valued at approximately $665,714.40. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Tripadvisor by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,673,036 shares of the travel company’s stock valued at $413,885,000 after purchasing an additional 275,281 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Tripadvisor by 44.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock valued at $162,865,000 after purchasing an additional 968,530 shares during the last quarter. First Trust Advisors LP grew its holdings in Tripadvisor by 19.4% during the first quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock valued at $133,461,000 after purchasing an additional 421,144 shares during the last quarter. FMR LLC grew its holdings in Tripadvisor by 19.8% during the first quarter. FMR LLC now owns 1,919,577 shares of the travel company’s stock valued at $98,763,000 after purchasing an additional 317,176 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Tripadvisor by 227.7% during the fourth quarter. Millennium Management LLC now owns 1,745,973 shares of the travel company’s stock valued at $94,178,000 after purchasing an additional 1,213,215 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.
NASDAQ TRIP opened at $47.57 on Thursday. The stock has a 50 day moving average of $45.51. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.37. Tripadvisor has a 52-week low of $42.01 and a 52-week high of $69.00.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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